Press Release

Sumitomo Mitsui Trust Asset Management Adopts BlackRock's Aladdin Platform to Enhance and Optimize Asset Management

Tokyo, February 12, 2025 — Sumitomo Mitsui Trust Asset Management (SuMiTAM), a consolidated subsidiary of Sumitomo Mitsui Trust Group, Inc., has decided to adopt BlackRock’s Aladdin platform to unify and optimize its asset management processes. The platform will support the management of SuMiTAM’s US$620 billion of assets under management (AUM) and streamline the investment lifecycle across a broad range of asset classes.

By leveraging Aladdin, SuMiTAM will be able to optimize processes and boost efficiencies for scalable growth. Not only will it leverage the platform’s core capabilities for order and execution management – such as rapid rebalancing and optimization of large-scale funds, compliance management, and electronic order placement and matching – but it will also incorporate the platform’s advanced risk management capabilities across the asset management life cycle, such as forward-dated benchmarks and corporate action instructions.

Takahiro Kobayashi, Executive Officer in charge of IT and Trading at SuMiTAM, commented: "Aladdin will allow us to rapidly incorporate cutting-edge technologies with greater efficiency, enable us to optimize our asset management operations, strengthen our competitiveness, and continue delivering value to our clients. We are particularly keen to leverage its industry-leading capabilities, to expand our fiduciary capacity, drive further growth in the scale of our business, and accelerate bringing new offerings to market."

Akiyoshi Takeuchi, Head of Aladdin Client Business, Asia Pacific, BlackRock, stated: "BlackRock has been refining its Aladdin platform for over 30 years and has continuously evolved it to support a wide range of asset classes. It can be used for both index and active management, and its hallmark is its end-to-end support of the entire investment operation, from the front office to post-trade processes. We are extremely proud to contribute to SuMiTAM’s transformation through Aladdin. This project will introduce Aladdin’s newest features to a growing number of Japanese asset managers and enable us to enhance the value we provide to our clients in Japan."

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About Sumitomo Mitsui Trust Asset Management

As the leading asset manager in Japan, SuMiTAM offers a wide range of products, from index strategies to highly concentrated active strategies, and ESG and impact strategies. Being a Japan-based asset manager, its knowledge of the Japanese market set SuMiTAM apart from the competition. SuMiTAM believes on the ground research makes a real difference when making investment decisions, and SuMiTAM has one of the largest Japanese research teams in the industry in Tokyo. The quality and breadth of the research forms the basis of SuMiTAM’s strong capabilities in the market.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to its advisory clients and a provider of financial technology for institutions and professional investors, we provide the solutions they need to achieve their goals. For additional information on BlackRock, please visit www.blackrock.com/corporate

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